Vanguard Intermediate-Term Tax-Exempt Bond marries a winning combination of a careful investment process, a well-structured team, and rock-bottom fees. Under our new ratings methodology, both share classes earn a Morningstar Analyst Rating upgrade to Gold from Silver.
Will VWITX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VWITX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VWITX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VWITX’s parent organization’s priorities and whether they’re in line with investors’ interests.